Singh met Chandrasekaran on the first day of his three-day visit to the country's financial capital to woo investors, as part of 'Invest Punjab' initiative, and urged him to invest in the state.
Singh also met ICICI Bank CEO and MD Chanda Kochhar who agreed to consider the possibility of shifting the bank's back-end operations to Mohali in the next stage of expansion.
Singh, who is leading a delegation, promised to streamline the systems and processes to make the state more investor- and industry-friendly, while reiterating his commitment to provide power to industry at Rs 5 per unit.
During his meeting with Chandrasekaran, he said that Punjab was the only power surplus state in the country and at Rs 5 per unit, it would be the second state after Himachal Pradesh to provide cheap power.
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During his talk with Kochhar, he suggested that ICICI Bank move its back-end operations to Mohali, as HDFC Bank and Infosys were already doing. The ICICI Bank chief said they would consider this as and when they decide to expand, according to a press release of the state government.
Finance Minister Manpreet Singh Badal, who is a part of the delegation, urged ICICI Bank to consider developing 200 model dairy farms in the state exclusively for breeding.
Adi Godrej, during his discussion with the chief minister said his company was constantly looking at expanding further in Punjab with more ventures in the future.
Godrej, who is also chairman of the Indian School of Business, expressed concern about imposition of GST on private educational institutions and urged the chief minister to pursue the central government for exemption.
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